The Art of DecisionMaking

The Art of DecisionMaking

$96.11
Sale price  $96.11 Regular price  $105.72
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The Art of DecisionMaking

The Art of DecisionMaking

$96.11
Sale price  $96.11 Regular price  $105.72
SKU: DADAX038796228X
ISBN: 9780387962283
Publisher: Springer
Availability: Out of Stock
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Description

Suppose you had the chance to invest in a venture that succeeds half the time. When you fail you lose your in vestment; when you succeed you make a profit of$1.60 for every $1.00 you invest. The odds are 8 to 5 in your favor and you should do wellcasinos and insurance companies thrive under less favorable conditions. If you can invest as much as you like, as often as you like, using a betting system that guarantees you cant go broke, common sense suggests you will almost certainly make aprofitafteryou make a large numberofinvestments. In response to yourrequest for a hot stock yourastrologer tells you ABC Inc. will triple in a year (shes really a fraud and picked the stock at random). But since such stocks are rare (one in athousand) you consultan expert and, strangely enough, he confirms the astrologer. From experience you know that the expert diagnoses all stocks, good and bad, correctly, 90% of the time. Common sense suggests you have an excellent chance of tripling your money. You are chairman of acommittee ofthree. Decisions are made by majority rule but if there is no majority your vote as chairman breaks ties. Common sense suggests you will inevitably have more power to determine the outcome than the other members.

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Product Notice This book is sold in used condition unless explicitly stated as new. Condition is graded and described accurately. Some books may contain previous owner's markings, highlights, or inscriptions. This product may contain chemicals known to the State of California to cause cancer or reproductive harm. For more information visit www.P65Warnings.ca.gov

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